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2� 1 ���43�
<br /> DEED �F TRUST
<br /> ��antinued} Page 7
<br /> respansible for all obligativns in this Deed�f Trust.
<br /> No Wai�er hy Lender. Lender shaii nat be d�emed �o ha�e waived any rights under this Deed vf Trust unless such
<br /> wai�e� is gi�en in writing and signed �y Lender. No delay ar omissian on the part of Lender in exercising any righ�
<br /> shall apera�e as a wai�er of such right or any other right. A wai�er by Lender afi a pro��sivn of th�s Deed of Trust
<br /> shall not prejudice ar constitute a wai�er of Lender's right otherwise �a demand s�r�ct campliance with that
<br /> pro�isivn vr any �ther pro�is�an af this Deed of Trust. Na pri�r wai�er by Lender, nor any caurse af dealing
<br /> between Lende� and Trustor, shall constitute a wai�er of any of Lender's �ights or of any of Trustor's obligati�ns
<br /> as to any fu�ure t�ansactians. Whene�er the consent a� Lender is requirsd und�r this De�d af Trust, the granting
<br /> ❑f such �onsen� by Lender in any instanc� shall nat cons�itut� cantinuing consent to subs�quent instances where
<br /> su�h cans�nt is required and in all cases such consent may�e granted o�withh�ld in#he sole dis�retion o�Lender.
<br /> Severability. [f a court vf cvmpe�kent jurisdiction finds any pro�ision vf�his Deed ��Trust to be illegal, in�alid, or
<br /> unen#�orc�able as ta any person or circumstance, that finding shall not mak�the offending pro�ision ill�gal, in�alid,
<br /> vr unenfa�ceabfe as to any vther person ar circumstance. If feasible, the offending pr��isi�n sha�k be cansi�ered
<br /> modified sa that it b�cam�s �egal, �alid and enforceable. lf�the o��ending pro�isian cannot be so mvdif�ed, it shall
<br /> be cansider�d deieted from this aeed ofi Trust. Un�ess o�therwise required by 1av►r, the illegaiity, in�a�Edity, vr
<br /> unen�orceabili�y of any pro��sian v��his Deed o�Trust shall not affect the legality, �alidi�y or en�orceability of any
<br /> ather pro�is'ron of this De�d�f Trus�.
<br /> Successvrs and Assigns. Subject tv any limitatians stated in this Deed of Trust on t�ansfer of Trustor's int�rest,
<br /> this Deed of Trus� shall he binding upan and inure to the henefit o� the parties, their su�cessvrs and ass��ns. If
<br /> ownership of�he Praperty bec�mes vested in a persan ❑ther than Trus�or, Lender, vuithaut no�ice to Trustor, may
<br /> deal with Trustor's successors with re�erence tv fihis Deed o#Trust and the [ndebtedness by way of forbearance or
<br /> extension v►ri�h�u�releasing Trustor�ram the obligations of this aeed of Trust or lia�ili�y under the lndebtedness.
<br /> Time is vf the Essence. Time is vf the essence in the performance af this I]�ed of Trus�.
<br /> Wai�e Jury. All parties to�h�s Deed of T�ust h�reby waive the righ#�o any jury t�ial in any a�#ian, prviceeding, or
<br /> counter��aim brought by any party a�ainst any ather party.
<br /> WaiWer of Homestead Exemption. T�us�vr hereby releases and wai�es all rights and benefits of the homestead
<br /> exemption laws of the State of Nebraska as to all Indebtedness secured by this Deed vf Trust.
<br /> DEFINITI�NS. The foilowing capitali�ed words and terms shall have the �ollowing meanings v►rhen used in this D�ed of
<br /> Trus�. Unless specifically s�at�d to the contrary, all re�erences �o do�iar amounts sha�[ mean amaun�s in lawful maney
<br /> of the United States o� America. V1lvrds and terms used in the singufar shaii include the plural, and the plural shafi
<br /> include the singular, as the context may require. Wards and terms not vtherwise defined in this Deed ❑f Trust shai!
<br /> ha�e th� m�anings attribu�ed to such terms in�khe Unifarm C�mme�cial Cvde:
<br /> 6eneficiary. The ward "Beneficiary" means Ex�hange Bank, and its successors and assigns.
<br /> 6orrawer. Th� v►rord "Borr�wer" means Trvy Hu�f and Tamie Huffi and includes all cv-signers and co-makers
<br /> signing the Note and a[I their su�cessvrs and assigns.
<br /> D�ed o# Trust. The words "Deed af Trus�"" mean this Deed ❑f T�ust among Trustvr, Lender, and T�ust�e, and
<br /> includes without [imitation aff assignm�nt and security int�r�st p�-o�isions relating to the Persona� Prvperty and
<br /> Ren�s.
<br /> Default. The wvrd "Default" means�he Default set farth in this Deed ❑f Trust in the se�tion titled "Default".
<br /> Environmental Laws. The words '"Enviranmental Laws" mean•=�any��and:...a.l� .state, federa! and local statut�s,
<br /> regulations and ordinances rela'�ing to the pr�tection ofi human heafth or the enWirvnmen�, in�luding w�thout
<br /> �imitation the Comprehens��� En��ronmentai Response, Compen�ati�n, and Liabifi�y Act of 198�, as amended, 4�
<br /> 1J.5.C. Se��i�n 9641, et seq. �"CERCLA"}, the 5up�rfund Amendments and Reautharizatian A�t af �98�, Pub. L.
<br /> Nv. 99-499 �"SARA"�, th� Hazardous Materials Transpartation Act, �9"�:S:C. SeG�i�n 18D1, et seq., the R�saurc�
<br /> Canser�ation and Reco�ery A�t, 4� �.5.�. Section �9��, ��seq., or other appli�a�l� state or#ederal faws, rules,
<br /> or regulatians advpted pursuant theretv.
<br /> E��nt of Dsfauft. Th�►rvards "E�ent o�f Default" mean any of th�e��nts❑f defiaul�set farth in this Deed vf Trust in
<br /> the e�ents of default section of this Deed of Trust.
<br /> Guaranty. The ward "Guaranty" means th�guaranty fram guarantar, endarser, surety, or accommodativn par�y to
<br /> L�nder, including withaut�imitation a guaranty of aii or par�of the Nate.
<br /> Hazardvus Suhs�ances. The wards iFHa�ardaus Substances" m�an materials tha�, because ❑# their quantity,
<br /> cvncen#ration or physical, �hemicai or infectiaus characteristi�s, may cause ar pose a presen� ar p��ential hazard
<br /> t� human health or the en�ironm�nt when impraperly used, �rea�ed, stared, dispvsed o�, generated, manu#actured,
<br /> transp�rted ar otherv►►ise handled. Th� wo�-ds "Hazardaus Substances" are used in �heir �ery broades� sense and
<br /> includ� without limitation any and all ha�ardous or taxic substanGes, materials or wast� as d��in�d by or listed
<br /> under the En�ironmental Laws. The term "Hazardaus Substances" also in�ludes, wi�hout limitation. petraleum and
<br /> petroleum hy-products vr any fraction thereof and asbestos.
<br /> tmpro�ements. The wvrd "Imprv�ements" means all existing and future impro�emen�s, buildings, structures,
<br /> mo�i[e hames a�fixed an th� R�al Praperty, facifities, additions. repfa�ements and other �anstructivn on the Real
<br /> Property.
<br /> Indebtedness. The ►n►ord "Indebtedn�ss" means al! principal, int�rest, and ather amaunts, Cn5�5 and expenses
<br /> payable under the No�e vr Related i]vcuments, t�g�ther with all renewals �'�, extens�ons ❑f, modifications a�,
<br /> cvnsofidativns af and substi�utivns f��the Note or Related Documents and any amounts expended or ad�an�ed by
<br /> Lender �a discharge Trus�or's obliga�ivns or expenses incurred by Trustee ar Lender to en�vr�e Trustor's
<br /> vbliga�ians under this Deed vf Trus�, tagether ►rvith interest on suCh amounts as pra�ided in this Deed vf Trust.
<br /> Specifi�ally, withvut firn��ation, lnd�bt�dness in�ludes the fu�ure ad�anc�s s�� farth in the Futur� Ad�ances
<br /> pr��ision, together with all int�rest �hereon and all amounts that may be indirect�y secured by �he
<br /> Cross-Collaterali�ation pra�ision a�this De�d of Trust.
<br /> L�nder. The word "'Lender" m�ans Exchange Bank, its suc�essvrs and ass�gns.
<br /> Note. The word "No�e" means the pr�m�sso�y nv�e da�ed January 2�, ��1�, Ir7 the original principal
<br /> amount of $52.5�3.5�from T�rus�or t❑ Lender, �agether wi�h all renev►rals vf, extensions of, modifications o#,
<br /> refinancings of, consafidations of, and subs�itutions for the promissory nvte or agreement. NaTI�E T� TRUST�R:
<br /> THE NDTE CaNTAINS A VARlABLE INTEREST RATE,
<br /> Personal Property. The words "Personal Property" mean all equipm�nt, fixtures, and other articles a� personal
<br /> property naw or hereafter owned by Trustar, and nvw vr herea�t�r attached ar affixed to the Real Property;
<br /> together with all accessians. pa�ts, and additions t�, af! replacements vf, and all substitutivns for, any a� such
<br /> property; and t�gether with all prviceeds �in�luding withaut limitation all insurance pra��eds and refunds o�
<br /> premiumsy fram any sale ar��her disposition vf the Pr�perty.
<br /> Praperty. The vuvrd "Prvperty" means collecti�ely�he Real Prape�fiy and the Personai Prop�rty.
<br /> Real Prvperty. The wards "Reai Property" mean the real proper�y, �nterests and rights, as furth�r described �n this
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